NewsBTC

13 May 2025

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Avalanche Token AVAX Surges 25% with Record Daily Transactions

Avalanche's native token, AVAX, has increased by 25% over the past week, coinciding with heightened on-chain activity. Key metrics include:

• 10.8 million daily transactions on May 11, 2025, marking a record
• 950,000 active addresses, the highest since June 2023
• Nearly 30 million smart contracts deployed on the network

Market Dynamics

AVAX surpassed $24.55, reflecting a broader rally in cryptocurrencies as Bitcoin exceeded $105,000 following a US-China trade deal. Over the last 14 days, AVAX is up approximately 110%.

Future Outlook

The upcoming Avalanche Summit in London is expected to generate further momentum. Potential announcements may enhance user engagement and positively impact AVAX pricing. Analysts predict that altcoins and equities may rise together, contingent on ongoing favorable developments.